HD Supply (NASDAQ:HDS) Updates FY 2019 Earnings Guidance

HD Supply (NASDAQ:HDS) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.45-3.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.58. The company issued revenue guidance of $6.1-6.2 billion, compared to the consensus revenue estimate of $6.26 billion.HD Supply also updated its FY20 guidance to $3.45-3.60 EPS.

Shares of NASDAQ:HDS opened at $39.35 on Thursday. The business has a 50 day moving average price of $38.92 and a 200 day moving average price of $41.56. The company has a quick ratio of 1.07, a current ratio of 2.06 and a debt-to-equity ratio of 1.77. HD Supply has a twelve month low of $35.35 and a twelve month high of $47.13. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.69 and a beta of 1.11.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. HD Supply’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. Analysts anticipate that HD Supply will post 3.56 EPS for the current year.

HDS has been the subject of several research reports. Zacks Investment Research cut HD Supply from a buy rating to a hold rating in a research note on Tuesday, May 28th. Buckingham Research lowered HD Supply from a buy rating to a neutral rating in a report on Wednesday. Barclays cut their price target on HD Supply from $46.00 to $44.00 and set an overweight rating on the stock in a report on Wednesday. Royal Bank of Canada cut their price target on HD Supply to $38.00 and set a sector perform rating on the stock in a report on Wednesday. Finally, Longbow Research raised HD Supply from a neutral rating to a buy rating and set a $53.00 target price on the stock in a research report on Monday, June 3rd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $45.90.

In other HD Supply news, insider Jana Partners Llc sold 733,657 shares of HD Supply stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total transaction of $29,903,859.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.89% of the stock is currently owned by company insiders.

About HD Supply

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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